Brief: MRM Completes Acquisition Of Two Shopping Centres From Altarea

MRM SA

07/12/2022 17:43

Dec 7 (Reuters) - MRM SA  MRM.PA :
    * ACQUISITION OF TWO SHOPPING CENTRES FROM ALTAREA FINALISED
    * ACQUISITION OF TWO LEADING AND SUCCESSFUL PROPERTIES
LOCATED IN
FLINS-SUR-SEINE (YVELINES) AND OLLIOULES (VAR) FOR A TOTAL OF
EUR 90.4 MILLION (INCLUDING TRANSFER TAXES)
    * INCREASE IN VALUE OF MRM'S ASSET PORTFOLIO OF MORE THAN
50%
    * ACQUISITION ENTAILING TWO CAPITAL INCREASES BY MRM, WITH
SCOR SE
SUBSCRIBING TO EUR 25 MILLION AND ALTAREA TO EUR 25 MILLION, AND
REST OF ACQUISITION PRICE FINANCED BY MEANS OF A EUR 42 MILLION
BANK LOAN 
    * CHANGE IN MRM'S SHAREHOLDING STRUCTURE: SCOR SE AS
MAJORITY
SHAREHOLDER WITH 56.63% OF SHARE CAPITAL AND ALTAREA BECOMES A
SHAREHOLDER WITH 15.94% 
    * NEW GOVERNANCE STRUCTURE WITH AN ALTAREA REPRESENTATIVE
APPOINTED TO BOARD OF DIRECTORS

Source text for Eikon:  ID:nGNE7sD2GD 
Further company coverage:  MRM.PA   IMAF.PA 
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